April 6th, 2009

KeyBank offers up a different kind of promotional deal

This bank deal has expired. For the most up to date bank deals, check out our fresh list of bank deals.

While every other bank is offering up cash deals to consumers to make the switch, KeyBank has chosen to offer up a different deal for a new checking account promotion in which you can receive a free Garmin GPS. To qualify, you have to open up a new account by 4/24/2009 and make one debit card transaction and make two direct deposits or automated payments each of $100 or more by 6/26/09.

The offer is only available in areas where KeyBank has branches: Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington.

KeyBank is offering up two versions: Garmin nuvi 205W / Garmin nuvi 265WT. To get your hands on the more expensive version (265WT), you need to open up either the Key Privilege, Key Privilege Select, or any other business checking account. If you meet the requirements you will receive your Garmin GPS within 90 days.

A few more key points:

Direct deposit transactions are limited to: payroll, social security, pension and government benefits.
If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.

To get the deal click here.

About the banks

KeyBank

KeyBank has approximately 18,400 employees and 2.2 million retail, small business, and corporate and investment clients. There are 985 Key branches located in Alaska, Colorado, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington, and 1,479 ATMs. KeyCorp maintains business offices in 31 states. In 2008, Key was ranked 321 on the Fortune 500 list.